New JV targets Indian data centre market

New JV targets Indian data centre market

Mumbai will be the first part of India to benefit from a major new data centre development agreement.

Yondr Group, a Netherlands-based developer, owner, operator and service provider of hyperscale data centres, has announced that it has formed a strategic joint venture partnership with Singapore-based Everstone Group, one of Asia’s premier investment firms. Together the company will operate under the brand name EverYondr.

The joint venture, with an initial capitalisation of $1 billion, will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025.

The investment will be used to fund the development and operation of multi-locational hyperscale data centre business across important geographies in India, including (but not restricted to) the metros of Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai and the National Capital Region (Delhi).

The first facility, located in the Mumbai Metropolitan Region, for which land and power have already been acquired, will deliver 30MW by 2023 and 60MW of IT capacity when fully developed.

India represents a major market opportunity for the data centre business. As Yondr points out, the country’s active internet user numbers reached 525 million in 2019, representing an annual growth of 19.2 percent.

Low cost smartphones and cheap data tariffs have further compounded the shift to digital, with data consumption increasing 37-fold, from 0.26GB to 9.8GB per user between 2014 and 2018 – and still rising.

 

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